Can I retire at age 45 with 548,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$45,253$44,850$44,457$44,073$43,698$42,816
2 years$22,403$21,985$21,581$21,189$20,809$19,924
3 years$14,787$14,368$13,964$13,576$13,202$12,342
4 years$10,980$10,562$10,162$9,781$9,416$8,587
5 years$8,696$8,281$7,887$7,513$7,158$6,363
6 years$7,174$6,762$6,373$6,008$5,664$4,904
7 years$6,087$5,678$5,296$4,939$4,606$3,881
8 years$5,272$4,867$4,492$4,144$3,821$3,131
9 years$4,639$4,238$3,869$3,529$3,218$2,562
10 years$4,133$3,736$3,373$3,042$2,742$2,119
11 years$3,719$3,326$2,969$2,648$2,358$1,768
12 years$3,374$2,985$2,635$2,322$2,043$1,485
13 years$3,083$2,697$2,354$2,050$1,782$1,255
14 years$2,833$2,452$2,115$1,820$1,562$1,065
15 years$2,617$2,240$1,910$1,623$1,375$907
16 years$2,428$2,055$1,732$1,453$1,216$775
17 years$2,261$1,893$1,576$1,306$1,078$664
18 years$2,113$1,749$1,438$1,177$958$570
19 years$1,981$1,621$1,317$1,063$854$491
20 years$1,862$1,506$1,209$963$763$423
21 years$1,755$1,403$1,112$874$683$365
22 years$1,658$1,310$1,025$795$612$315
23 years$1,569$1,225$946$724$549$273
24 years$1,488$1,148$875$660$494$236
25 years$1,413$1,077$810$603$444$204
26 years$1,344$1,012$752$551$400$177
27 years$1,280$953$698$505$361$154
28 years$1,221$898$649$462$326$133
29 years$1,167$847$604$424$294$116
30 years$1,115$800$562$389$266$100
31 years$1,068$756$524$357$240$87
32 years$1,023$715$489$328$217$76
33 years$981$677$457$302$197$66
34 years$942$642$427$278$178$57
35 years$905$609$399$256$161$50
36 years$870$578$373$236$146$43
37 years$837$549$349$217$132$38
38 years$806$522$327$200$120$33
39 years$777$496$306$184$109$28
40 years$749$472$287$170$99$25
41 years$723$449$269$157$90$22
42 years$698$428$253$145$81$19
43 years$674$408$237$134$74$16
44 years$651$389$223$123$67$14
45 years$629$371$209$114$61$12
46 years$609$354$196$105$55$11
47 years$589$337$184$97$50$9
48 years$570$322$173$90$46$8
49 years$552$308$163$83$41$7
50 years$535$294$153$77$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $548,000, adding $3,741 every year, while hoping to spend $28,175 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/39/15 Blend
44$548,000$548,000$548,000$548,000
45$607,755$578,711$570,217$632,963
46$639,768$577,090$559,341$649,246
47$674,102$574,445$547,157$663,747
48$710,964$570,696$533,590$678,866
49$750,581$565,759$518,564$694,671
50$793,203$559,544$501,999$711,239
51$839,103$551,955$483,809$728,659
52$888,583$542,892$463,908$747,026
53$941,971$532,247$442,202$766,451
54$999,633$519,907$418,596$787,056
55$1,061,965$505,752$392,989$808,979
56$1,129,407$489,656$365,275$832,373
57$1,202,440$471,483$335,346$857,412
58$1,281,595$451,091$303,086$884,288
59$1,367,453$428,330$268,375$913,216
60$1,460,655$403,041$231,087$944,436
61$1,561,907$375,054$191,093$978,216
62$1,671,982$344,193$148,256$1,014,856
63$1,791,734$310,268$102,432$1,054,688
64$1,922,101$273,081$53,474$1,098,084
65$2,064,115$232,422$1,225$1,145,457
66$2,218,912$188,068$0$1,197,267
67$2,387,743$139,785$0$1,262,754
68$2,571,983$87,324$0$1,334,535
69$2,773,147$30,425$0$1,413,074
70$2,992,903$0$0$1,499,104
71$3,233,087$0$0$1,606,820
72$3,495,718$0$0$1,738,943
73$3,783,023$0$0$1,883,540
74$4,097,452$0$0$2,041,855
75$4,441,702$0$0$2,215,252
76$4,818,744$0$0$2,405,238
77$5,231,850$0$0$2,613,469
78$5,684,623$0$0$2,841,771
79$6,181,031$0$0$3,092,154
80$6,725,445$0$0$3,366,833
81$7,322,679$0$0$3,668,246
82$7,978,034$0$0$3,999,080
83$8,697,352$0$0$4,362,294
84$9,487,066$0$0$4,761,149
85$10,354,261$0$0$5,199,235
86$11,306,745$0$0$5,680,507
87$12,353,117$0$0$6,209,324
88$13,502,852$0$0$6,790,487
89$14,766,386$0$0$7,429,285
90$16,155,216$0$0$8,131,544
91$17,682,011$0$0$8,903,684
92$19,360,727$0$0$9,752,779
93$21,206,739$0$0$10,686,620
94$23,236,987$0$0$11,713,793
95$25,470,136$0$0$12,843,758
96$27,926,751$0$0$14,086,937
97$30,629,487$0$0$15,454,813
98$33,603,311$0$0$16,960,039
99$36,875,727$0$0$18,616,556
100$40,477,043$0$0$20,439,726